The NFT Recovery Continues
NFT markets haven't been this hot in over a year.
Two weeks ago, I wrote Are NFTs Back, a thinking-through of the 7D price run that many top Ethereum NFT collections were enjoying at the time. In the absence of a clear catalyst, I noted we'd have to wait to see if volume and floor prices continued to uptrend before earnestly celebrating a return to form.
Fast forward to today, though, and the case for optimism has grown. 7D runs have turned into 30D breakouts for more than a few of the projects I initially highlighted. On the month, the floor prices of Bored Apes are +60%, Azukis +35%, Pudgy Penguins +24%, etc. And these surges have come with volume levels the likes of which we haven't seen in a year.
But that's not all. For example:
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William M. Peaster
William M. Peaster, Senior Writer, has been with Bankless since January 2021. Immersed in Ethereum since 2017, he covers the onchain frontier with a particular interest in art, games, and other culture apps. He has a background in creative writing and writes fiction in his free time.
